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ls317 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 05:48 PM
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9/11 widow
Grieving 9/11 Widow Spends Almost $5 Million
Kathy Trant Says She Wanted to Rid Herself of 'Blood Money'

June 13) - When her husband died in the attacks on the World Trade Center on Sept. 11, 2001, relatives, friends and strangers opened their hearts and their wallets to Kathy Trant, donating millions of dollars to Trant and her three children.

The money was meant to compensate for the income Dan Trant would have used to support his family for years to come. But to Trant it represented blood money, money that couldn't make up for what she had lost.

Fewer than four years after the attacks, she has blown through most of the money, and is coming out with her story now to warn others against the trappings of chronic spending, a major problem among Americans.

"It's blood money that I don't want," Trant said. "I want my husband back."

After her husband's funeral, Kathy Trant spiraled into deeper and deeper circles of depression. She turned to alcohol and antidepressants to numb the pain, and her weight fluctuated between 90 and 170 pounds.

But as she managed to get one set of problems under control, another problem emerged. Trant started spending out of control.

At the time of his death, Dan Trant, 40, was quickly moving up the ladder as a bond trader at Cantor Fitzgerald, making $130,000 in addition to tens of thousands in bonuses in his final year. Based on his estimated future earnings, the Federal Victim Compensation Fund awarded Kathy Trant $4.2 million, of which she received half. She got another $3 million from friends and family.

http://www.allheadlinenews.com/articles/2237374178
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 05:51 PM
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1. Where is all the stuff she bought? That's a real lot of dough to DRINK.
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arcos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 05:55 PM
Response to Reply #1
3. She didn't drink it... at least not most...
Same article:

"Between spending $1.5 million on tripling the size of her suburban New York home, adding a basketball court, a volleyball court,a hot tub, and a heated pool,Trent managed to spend $500,000 in shoes,$5,000 Gucci and Capelli gowns, and Fendi and Judith Leiber handbags, that also go for $5,000 per bag.

The spending did not stop there as Trant spent $70,000 to take six friends to the Super Bowl and another $30,000 for a trip for 20 friends and relatives to the Bahamas.Then add on another $15,000 for her housekeeper,who received the money to buy a home in El Salvador.

Trant is presently down to her last $500,000.00. Trant and a friend are opening a hair-removal and cosmetic tattoo shop in East Norwich, Conn."
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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 05:59 PM
Response to Reply #3
4. In other words, she could get it all back tomorrow by selling her
real estate in this market!
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downwitbush Donating Member (53 posts) Send PM | Profile | Ignore Mon Jun-13-05 05:52 PM
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2. ...
its nice to know our tax money is going to buy this person stuff she doesn't need.
I do sympathize with her, but if she wanted to get rid of it why didn't she donate some to charity? Unless i read something wrong not that much of it went to charity, but she did send friends on a cruise and to the superbowl. That aint right...
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MrSlayer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 06:01 PM
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5. She can get rid of the blood money right here.
I'll have to send her my address.
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Al-CIAda Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 06:06 PM
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6. I suggest a psychologist with her remaining money.
Clearly this woman is pretty illogical and is not responsible for her children's welfare. Sad situation.
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stickdog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 06:12 PM
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7. So she's the one keeping our consumer economy afloat! (nt)
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